German 2025 budget includes 'record investment' in renewables, says Scholz
After intense negotiations and mounting pressure for spending cuts, Germany clinched a 2025 budget deal including “record investments” in renewable power and industrial decarbonisation.
Germany on Friday clinched a 2025 budget deal including “record investments” in renewable power and industrial decarbonisation, Chancellor Olaf Scholz and his cabinet said.
Scholz, together with economy minister Robert Habeck and finance minister Christian Lindner, agreed to adhere to a so-called “debt brake” designed to limit government borrowing while still jointly deciding on a growth package aimed to stimulate the economy.
